The European Securities and Markets Authority (ESMA), the EU financial and crypto markets watchdog, is seeking industry feedback on whether the UCITS funds investment market should be expanded to include crypto. Should crypto-asset exposure be added to a €12 trillion investment product market in the EU? Experts have until tomorrow (August 7) to provide feedback...
David Plouffe, adviser to former President Barack Obama with crypto expertise, is set to join Kamala Harris’ campaign team as a senior adviser. According to a report by Politico, Plouffe was the top adviser to Obama and will be one of the most senior in the current Vice President Harris’ team. He managed Obama’s 2008...
The US employment rate unexpectedly jumped to 4.3% from 4.1% in July, triggering a sharp drop in risk assets on Friday. This caused the Bitcoin price to plunge briefly below $63,000 as US recession fears rose. After briefly falling to $62,300, the Bitcoin price recovered to $63,000 as US equity markets reeled. The weaker-than-expected headline...
Morgan Stanley will allow its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs) to eligible clients, marking a first for major Wall Street banks. According to a report by CNBC, starting August 7, Morgan Stanley’s 15,000 financial advisors can solicit clients to purchase shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin...
Bitfarms, a global vertically integrated Bitcoin mining company, has reported a 34% month-on-month (MoM) increase in earnings in its recent production report. The increase is primarily attributed to recent fleet upgrades and expansion. Bitfarms CEO Ben Gagnon said that the company has earned 62% more Bitcoin since the Bitcoin halving event in April. Bitfarms’ 109%...
VanEck CEO Jan Van Eck forecasts that Bitcoin could reach up to $2.9m by 2050. During an appearance on “The Claman Countdown” on Thursday, Van Eck mentioned that Bitcoin is maturing and predicted it will eventually equal half of gold’s total market cap. Based on gold’s current market cap, this prediction would place Bitcoin’s value...
The Federal Bureau of Investigations (FBI) issued an alert on Thursday over crypto scam artists impersonating crypto exchanges in an attempt to steal victims’ funds. According to the newly released warning, the scam begins by contacting the intended victim, usually through an unsolicited phone call or message pretending to be an employee at a crypto...
Futu Securities International, Hong Kong’s largest online brokerage, has entered the cryptocurrency market by enabling retail cryptocurrency trading. This move is perceived to be part of a broader strategy to establish Hong Kong as a global hub for digital assets and blockchain technology. The new initiative offers incentives, such as shares of prominent companies and...
The Web3 community has launched a number of projects to help bring The 2024 Olympics to life digitally. From Olympic-themed games that can be played in The Metaverse to non-fungible token (NFT) artworks, this year’s Olympic event may be the most open and inclusive thanks to blockchain technology. The Sandbox Brings The Olympics To The...
Can Bitcoin really have value despite lacking any cash flows? In a Twitter post on Thursday, Bitwise CIO Matt Hougan argued why it can. Where Bitcoin’s Value Comes From: Bitwise According to the outspoken executive, what Bitcoin lacks in cash flow makes up for with a service: securing wealth without needing a bank or other...